Bill Summary for Bill Number SB09-234

Date: 03/09/2009

Final
BILL SUMMARY for SB09-234

SENATE COMMITTEE ON BUSINESS, LABOR AND TECHNOLOGY

Votes: View-->	Action Taken:
Moved a conceptual amendment: Page 3, line 21, str Moved to refer Senate Bill 09-234, as amended, to	Pass Without Objection PASS

02:00 PM -- Senate Bill 09-234

Senator Heath and Senator Mitchell presented Senate Bill 09-234. The bill, recommended by the Joint Select Committee on Job Creation and Economic Growth, directs the Economic Development Commission with assistance from the Governor's Office of Economic Development and International Trade to:

recommend criteria for the creation of a statewide enterprise zone;
evaluate whether to expand the boundaries of existing enterprise zones; and
determine whether state income tax credits under the program should be modified.

Senator Heath explained the bill.

02:03 PM

Responding to a question from Senator Foster concerning the bill's potential to reduce the efficacy of enterprise zones, Senator Mitchell stated that job creation should be encouraged wherever it occurs. He added that the bill would authorize a study to research aspects of her question. Discussion continued among the members of the committee. Senator Tochtrop noted that some areas are more open to enterprise zones than others.

02:09 PM -- Ron Kirk, Fiscal Analyst for the Colorado Legislative Council Staff, came to the table to explain the bill's fiscal note. He discussed the state expenditures section. Mr. Kirk responded to a question from Senator Foster.


BILL:	SB09-234
TIME:	02:11:41 PM
MOVED:	Heath
MOTION:	Moved a conceptual amendment: Page 3, line 21, strike "June 15, 2010," and substitute "December 31, 2009,". The motion passed without objection.
SECONDED:
		VOTE
	Foster
	Harvey
	Mitchell
	Scheffel
	Tochtrop
	Heath
	Veiga

Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:	SB09-234
TIME:	02:14:02 PM
MOVED:	Mitchell
MOTION:	Moved to refer Senate Bill 09-234, as amended, to the Committee on Appropriations. The motion passed on a 6-0 roll call vote, with one member excused.
SECONDED:
		VOTE
	Foster	Yes
	Harvey	Excused
	Mitchell	Yes
	Scheffel	Yes
	Tochtrop	Yes
	Heath	Yes
	Veiga	Yes

Final YES: 6 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS

02:14 PM

The committee adjourned.